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The dovish pull A record week on Wall Street ended not with fireworks but with calm. The Nasdaq hit another record, the S&P chalked up its fifth win in six weeks, and even the Dow, which had been knocked back on Friday by sour consumer sentiment, managed to finish the week higher. The real narra

S2N observations The S&P 500 is at all-time highs with valuations based on the Shiller PE (i.e., 10-year trailing earnings) only higher during the dot.com boom. Inflation numbers came out for August last week, and they are still hovering around 3% per annum. The Fed is still likely to cut rates

WTI climbs to near $63.00 as the EU is planning to accelerate phasing out Russian energy imports.Russia has been selling Oil at lower prices amid sanctions imposed by various nations in the wake of the Moscow-Kyiv war.The Fed is certain to cut interest rates in its policy meeting next week. West Tex

Evidence of cooling consumer demand and a weakening jobs market is becoming more obvious. Inflation remains above target and tariffs are likely to keep it elevated in the near term, but the balance of risks are tilted towards the need for more support for the economy, starting with a 25bp cut on Wed

Japanese Economy Minister and top trade negotiator Ryosei Akazawa made some comments on US-Japan tariffs this Friday. Akazawa said that “US tariffs of 15% could cut Japan's corporate earnings by up to 3%.” Related news Japan's Akazawa: US tariffs on Japanese goods to be cut by September 16 Japan to

The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we enter Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. GBP reflects relief over politics into fall budget "There were no overnight releases

The Canadian Dollar (CAD) is dead flat on the session, with neither the generally softer USD tone nor the bid for its commodity cousins helping lift sentiment (AUD/CAD trading near its highest since late 2024), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. CAD slips on cro

Asia-Pacific Stock markets delivered mixed performance overnight, with Japan’s Nikkei 225 pencilling in an all-time high of 44,185 before surrendering gains to close marginally in the red. For any technical analysts reading, this has presented what is referred to as a ‘Dark Cloud Cover’ bearish patt

US President Donald Trump made an appearance on Tuesday, announcing that the US "Space Force" would be relocating to Huntsville, Alabama, which would now be dubbed "Rocket City". Russia's 50-day grace period to achieve a ceasefire with Ukraine or face stiff economic penalties has come and gone. Pres